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Home Insurance in 48221

One of the best ways to save money on your homeowners insurance policy in the 48221 zip code is to shop your coverage on a regular basis. If your premium has been headed up in the last few years, we can help you find a great policy from the comfort of your own living room.

GetHomeInsuranceQuotes.com is the easiest way to shop for competitive homeowners insurance rates in in Detroit, MI. A few clicks of the mouse and we will show you quotes from up to 12 nationwide carriers who are happy to compete for your business.

As always, our service is free and our Michigan licensed agents can advise you on the coverages you need as well as the coverage levels you should be carrying to fully protect your property and possessions. They will also be happy to answer any questions you may have and explain the details of your homeowners insurance coverage.

Getting started is easy, simply click on the "Get Multiple Quotes Now" button at the top of the page, verify your 48221 zip code and you are ready to start saving on home insurance.

Quickly Compare Rate Quotes for 48221

Find Detroit, MI Homeowners Insurance Quotes to review the best coverage options in your area.

Information on the Average Homeowners Premiums in 48221

According to industry data, homeowners located in Detroit pay roughly $758 per year for a HO-3 homeowners policy. A HO-3 policy is considered the standard when it comes to homeowners insurance. It offers protection for your home, possessions, loss of use as well as liability protection. If you have a mortgage on your property, your lender will require an HO-3 policy is in place to protect their loan.

Remember, an HO-3 policy does not offer coverage for flood damage in 48221 zip code. If you live in a high-risk area for flood damage, your lender will most likely require that you carry a separate flood insurance policy. Our agents can help you determine if you need flood insurance coverage and help you find a policy that fully protects your property.

A recent ranking of Michigan home insurance premiums found that premiums in 48221 are 36 when compared to other state averages. Shopping your coverage on a regular basis is the best way to ensure you are getting the best price on a homeowners policy.

Start Shopping 48221 Home Insurance Quotes Right Now!

The best part of our job is helping homeowners save money on their homeowners insurance while also educating our clients on the different types of coverage available to them in 48221.

Let us find you a great policy at an affordable price, get 48221 homeowners insurance quotes now.

48221 Home Insurance Average Premiums

Local 48221 homeowners insurance quotes comparison

$508 /yr.

Shows Zip Code: 48221 lowest rates with discounts applied on average.

For the 48221, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.

Coverage Amount:Annual Premium
1800 sq. ft. or below
(discounts applied)
$508 /yr.
Average Coverage:$758 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1058 /yr.

What is the average home insurance cost for a home in 48221?

  • • The average homeowners insurance premium paid annually for a home in 48221 is around $758 per year.

What does it cost on average per month for home insurance in 48221?

  • • Homeowners in 48221 pay a monthly average cost per month around $63.00.

What kind of discount could I get if I combine my home and auto insurance together in 48221?

  • • Autoowners in 48221 can receive a 20% to 25% discount if they own a home and would like to group or bundle their car and home insurance together with one insurance company.

For shopping home insurance rates within the Detroit area, check out other zip codes nearby 48221.
Review average rates in another zip code:
48205 homeowners insurance rates
48238 homeowners insurance rates
48223 homeowners insurance rates
48204 homeowners insurance rates
48207 homeowners insurance rates
48214 homeowners insurance rates
48211 homeowners insurance rates
48235 homeowners insurance rates
48213 homeowners insurance rates
48228 homeowners insurance rates

Home Replacement Cost Coverage in 48221

Average Building Cost Per Square Foot in 48221: $132

Location: Detroit, Michigan (Wayne County)

Average Square Footage in 48221: 722 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 48221 before you start any project. Detroit homeowners pay on average around $132 per square foot to build a home. Another great reason to know the average cost to build is for your homeowners insurance policy. A standard homeowners policy will help you cover the replacement cost of your home due a fire or any other named perils on your policy. Calculating your dwelling coverage for your home in 48221 is extremely helpful when estimating how much replacement cost coverage you need. We highly recommend that you have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Here is how you determine your replacement cost. If we take an average home in 48221 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 722 sq. ft. and the average cost to rebuild the home in this area is around $132 per square foot would be considered a base estimate cost. These two numbers would allow us to generate the replacement cost needed for an average size home in the Detroit area. If the home is new or has been upgraded, you will want to add $50 to $100 or more per square foot to equally cover the replacement cost to restore a home back to it's original condition.

Home Improvement StatusPrice per Sq. Ft.Square FeetDwelling Coverage
Basic Home Features$132722$95,300
Additional Upgrades & Added Features$165722$119,125
Major Home Updates or Advancements$198722$142,950

It's important to understand that when you estimate your replacement cost of your home in the 48221 zip code area, it will be the cost to replace the structure of your home, not the additional value of the property that is factored in when purchasing a new home.

Best Homeowners Insurance Agencies in 48221

Best Home & Auto Insurance Agencies in 48221

Nationwide Insurance

Address: 20001 Livernois Ave Detroit, MI 48221
Phone:
Website:
Info:

Knight- Charlotte D - State Farm Insurance Agent

Address: 7100 W 7 Mile Rd Detroit, MI 48221
Phone:
Website: http://www.statefarm.com
Info: State Farm - Car Insurance Quotes - Save on Auto Insurance
State Farm offers more discounts to more drivers than any other insurance company. Get a free quote today and see how you can save on auto, home, life and more. State Farm, auto insurance, car insurance, home insurance, homeowners insurance, renters insurance, life insurance, health insurance, annuities, mutual funds, banking, car loans, credit cards, Visa gift cards

Dunham- Andrew L - State Farm Insurance Agent

Address: 8646 W McNichols Rd Detroit, MI 48221
Phone:
Website: http://www.statefarm.com
Info: State Farm - Car Insurance Quotes - Save on Auto Insurance
State Farm offers more discounts to more drivers than any other insurance company. Get a free quote today and see how you can save on auto, home, life and more. State Farm, auto insurance, car insurance, home insurance, homeowners insurance, renters insurance, life insurance, health insurance, annuities, mutual funds, banking, car loans, credit cards, Visa gift cards

Farmers Insurance

Address: 7635 W McNichols Rd Detroit, MI 48221
Phone:
Website:
Info:

Housing Demographics for 48221

Population Review for 48221 Zip Code

For the city of Detroit, the population within 48221 has increased to over 37,826 residents in population size. The current population total is 38,204. We have broken down the population based on race below. In 48221, there are over 17369 in male population and 20835 females.

PopulationValues
Total Population38,204
White Population2425
Black Population33972
Hispanic Population552
Asian Population135
Hawaiian Population11
Indian Population57
Other Population300
Male Population17369
Female Population20835
Population Estimate37826

Household Data for 48221

The average number of homes in 48221 is around 14,757, there are an average of 2.53 per household. The average house value according to local real estate values is around $95,300. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode14,757
Persons Per Household2.53
Average House Value$95,300
Income Per Household$46209
Median Age38.0
Median Age Male35.3
Median Age Female40.5
48221 DetailsValues
StateMI
State Full NameMichigan
City TypeP
City Alias Abbreviation
Area Code313
CityDetroit
City Alias NameDETROIT
CountyWayne
County FIPS163
State FIPS26
Time Zone5
Day Light SavingY
MSA2162
PMSA2160
CSA220
CBSA19820
CBSA_DIV19804
CBSA_TypeMetro
CBSA_NameDetroit-Warren-Dearborn, MI
MSA_NameDetroit-Ann Arbor-Flint, MI CMSA
PMSA_NameDetroit, MI PMSA
RegionMidwest
DivisionEast North Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses341
Number Of Employees3695
Business First Quarter Payroll32436
Business Annual Payroll141092
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population4296250
CBSA Division Population1820584
Congressional District12|13
Congressional LandArea403.21|184.85
Delivery Residential14951
Delivery Business647
Delivery Total16476
Preferred Last Line KeyY11742
Classification Code
Multi-County
CSA NameDetroit-Warren-Ann Arbor, MI
CBSA_DIV_NameDetroit-Dearborn-Livonia, MI
City State KeyY11742
Land Area5.195000
Water Area0.000000
City Alias Code
City Mixed CaseDetroit
City Alias Mixed CaseDetroit
Box Count393
SFDU14115
MFDU836
State ANSI26
County ANSI163
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number252490
Unique ZIP Name
SSA State County Code23810
Medicare CBSA Code19804
Medicare CBSA NameDetroit-Dearborn-Livonia, MI
Medicare CBSA TypeMetro
Market Rating Area ID1
County Mixed CaseWayne

Michigan Homeowners Insurance News & Information

  • 2025 – Study Shows Home Insurance Market Stabilizing Posted on Wednesday 11th December, 2024

    According to a new report from Matic, the homeowner’s insurance market has shown signs of stabilizing roughly two years after major premium hikes and coverage challenges.  Even though premiums are high, trends in the insurance industry show that a slowdown in premium growth may be coming. Here is a brief overview of the report and […]

  • What’s the average home insurance rate for a $300K home in 2024? Posted on Monday 9th December, 2024

    A recent report from Insurance.com found that the average homeowners insurance rate for a $300,000 in homeowners coverage hit $2,777 per year which breaks down to $231 monthly.  The cost of homeowners insurance in some states can be extremely expensive, for years Florida has been know to have the highest premiums in the nation. When […]

  • $4.5B Estimated In Insured Losses After 2024 Florida Hurricanes Posted on Wednesday 13th November, 2024

    According to the Florida Office of Insurance Regulation, the three hurricanes that made landfall this year have caused more than $4.5 billion in estimated insured losses. Hurricane Debby, Helene and Milton all hit the state within two months of each other Helene and Milton struck just two weeks apart. State data show that over 269,000 […]